Announcement of business developments

Further to the announcement dated January 8th, 2021 MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that MEDSYMPAN LIMITED, which is a wholly owned subsidiary of the subsidiary CORAL A.E., completed the transaction for the acquisition of 75% of the shares issued by APIOS D.O.O. a company registered in Croatia.

APIOS D.O.O. was founded in 2009 and operates a network of retail service stations in Croatia comprising of 26 sites under the APIOS D.O.O. trade-mark and a market share equal to 3%.

The value of the transaction was Euro 11.2 million approximately.

Maroussi, 20 January 2021

The Board of Directors